Markets have favored growth stocks with “long equity duration” since the pandemic hit. That is changing. The normalisation of interest rates will likely remove one pillar of support from the recent market leaders, making the more conservative approach of focusing on cash flows and distributions to shareholders all the more attractive.
Portfolio Managers Kera Van Valen, John Tobin and Client Portfolio Manager Tom Callahan will dig into the details and lay out the case for the Shareholder Yield approach in the context of today’s environment.
